Rigetti Computing Inc (NASDAQ: RGTI) is 1206.82% higher on its value in year-to-date trading and has touched a low of $0.66 and a high of $21.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RGTI stock was last observed hovering at around $10.79 in the last trading session, with the day’s gains setting it 37.15%.
Currently trading at $47.94M, the stock is -3.69% and 6.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 30.26 million and changing 30255882% at the moment leaves the stock 50.61% off its SMA200. RGTI registered -24.64% loss for a year compared to 6-month gain of 7.58%. The firm has a 50-day simple moving average (SMA 50) of $10.8405 and a 200-day simple moving average (SMA200) of $7.63558.
The stock witnessed a -17.03% loss in the last 1 month and extending the period to 3 months gives it a 17.59%, and is -5.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.27% over the week and 5.06% over the month.
Rigetti Computing Inc (RGTI) has around 140 employees, a market worth around $3.36B and $9.21M in sales. Profit margin for the company is -1493.98%. Distance from 52-week low is 1642.42% and -46.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-64.49%).
The EPS is expected to grow by 49.30% this year.
Rigetti Computing Inc (RGTI) Top Institutional Holders
384.0 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 28.64% of the company’s shares. The shares outstanding are 286.97M, and float is at 275.83M with Short Float at 20.04%. Institutions hold 28.09% of the Float.
The top institutional shareholder in the company is DEER MANAGEMENT CO. LLC with over 21.58 million shares valued at $23.09 million. The investor’s holdings represent 12.5549% of the RGTI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.91 million shares valued at $9.53 million to account for 5.1824 of the shares outstanding. The other top investors are AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC which holds 8.44 million shares representing 4.9093% and valued at over $9.03 million, while VANGUARD GROUP INC holds 3.4212 of the shares totaling 5.88 million with a market value of $6.29 million.
